The spread betting group said that throughout the financial year trading has been strong. Revenues, numbers of clients trading and numbers of transactions have all shown substantial progressive increases.
IG Group anticipates that it will report revenue in excess of £85m (2005: £62m) and profit before tax in excess of £50m (2005: £35m), representing increases of at least 37% and 42%, respectively.
The number of clients recruited in the second half of the financial year by the UK financial spread betting business will exceed that in the first half by more than 50%. Annual revenue growth for this business is anticipated to exceed 30%.
The group’s Australian business continues to achieve sustained high levels of growth and will report year on year revenue growth comfortably in excess of 100%.
The sports division continues to make good progress and will report revenue growth of approximately 30%. In late March, the group launched a sports fixed odds offering, extrabet.com.
Chief Executive Nat le Roux has indicated that he wishes to step down from his position in order to pursue other interests. He will be succeeded by current Finance Director Tim Howkins.
Calculators
